Which of the following is a primary function served by financial markets?
a. creating new products and product lines
b. facilitating large-scale production methods
c. encouraging laborers to unionize
d. implementing new production techniques
e. discovering new markets for existing products
B
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The intersection of the market demand for labor and the market supply for labor determines the equilibrium wage rate
a. True b. False Indicate whether the statement is true or false
Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States is represented by the following set of equations:QS = -60 + 3PQD = 390 - 2PCalculate the change in consumer surplus when the United States shifts from no trade to free trade and imports skateboards from the rest of the world at a per unit price of $75.
A. -$2,850 B. -$6,300 C. +$3,375 D. +$2,850
Which of the following is a true statement about real and nominal GDP?
A) If nominal GDP increases from one year to the next, we know that production of goods and services has risen. B) Nominal GDP is a better measure than real GDP in comparing changes in the production of goods and service year after year. C) Increases in average prices do not affect the calculation of nominal GDP. D) If real GDP increases from one year to the next, we know that production of goods and services has risen.
You have $900 in your checking account when your EFTS card and PIN are stolen. You could lose up to ____ if you report the lost EFTS card within 60 business days.
Fill in the blank(s) with correct word